LP Group BV financed the acquisition with equity covering half the purchase price and several debt instruments including a mandatory convertible note of $536 million (480 million euro) and senior secured notes comprising of euro-denominated senior secured notes due in 2021 and U.S. dollar-denominated senior secured notes due in 2021 amounting to approximately $1.78 billion (1.6 billion euro).

"We are excited to have completed the acquisition of the market leader in global fleet management and driver mobility," said Manjit Dale, founding partner at TDR Capital LLP. "We strongly believe in the future of LeasePlan, a company with an unmatched portfolio of market-leading assets, loyal clients, a highly dedicated employee base and a sound strategy for the future, under highly experienced management. We all look forward to supporting the management team as they continue their focus on growing the business."

Earlier this year, LeasePlan NV reached a milestone of 1.55 million vehicles under management. The change in ownership isn't expected to affect LeasePlan's U.S. fleet management unit.